Allianz Austria registers profits

Published: August 25, 2010; 19:28 · (Vindobona)

Allianz Austria has improved its half year results by around 45 per cent, which amounts to pre-crisis levels.

Allianz Austria registers profits / Picture: © Allianz

On the revenue side only health insurance improved, while the property-casualty division registered a slight decline and life insurance a double-digit decline. The combined ratio improved since costs are now under control, said CEO Wolfram Littich.

Allianz Austria managed to improve investment results in June by 46.6 percent to €135.2m.

The profit from ordinary…

This article includes a total of 202 words.

or Log In